Top Cryptocurrencies to Consider Purchasing on November 27 – XLM, SAND, TIA

Bitcoin’s four-day decline has stirred activity in the cryptocurrency market following its record peak of $99,609 on November 22.

After reaching unprecedented heights throughout November, Bitcoin encountered profit-taking from long-term holders, leading to a notable drop.

This wave of profit-taking resulted in $250 million in liquidations of leveraged bullish positions, a considerable but not panic-inducing occurrence.

Historical patterns indicate that Bitcoin’s correction may not herald the beginning of a bear market.

A comparable situation occurred earlier this year in March, where profit-taking by large holders preceded a two-month correction before Bitcoin resumed its upward trend.

Analysts anticipate that Bitcoin’s price could find a bottom around $82,500, reflecting a typical 17% retracement from its recent peak.

During this correction, certain altcoins, such as Stellar (XLM), The Sandbox (SAND), and Celestia (TIA), are emerging as the best crypto to buy in the current market landscape.

Stellar (XLM): Blockchain for Financial Transactions

Stellar, recognized for enabling swift and affordable cross-border payments, has demonstrated strong performance amid the ongoing altcoin rally.

Employing the Stellar Consensus Protocol, the blockchain validates transactions without the need for mining, ensuring both efficiency and scalability.

In the last 30 days, Stellar has experienced a 433% increase, reaching a peak of $0.64 on November 24.

XLM 30 days chart/ Source: CoinMarketCap

However, the token has faced some volatility, with a 30% drop over four days before recovering 16.97% in the past 24 hours to trade at $0.4997.

Data from derivatives markets shows a decline in Stellar’s Open Interest (OI) from an all-time high of $339 million to $209 million.

This indicates a reduction in speculative activity, which may influence short-term price fluctuations.

$XLM Update:
Missed the $XLM trade here. On LTF, $XLM had formed a descending triangle pattern and has already broken out of it. Currently, $XLM is facing rejection around its horizontal resistance zone.
If $XLM manages to gain acceptance above this level, we can consider… pic.twitter.com/RE4c2VvrYj

— Alpha Crypto Signal (@alphacryptosign) November 27, 2024

From a technical perspective, the token’s overbought Relative Strength Index (RSI) suggests a likelihood of consolidation. Key resistance is situated between $0.45 and $0.48, a crucial area for determining Stellar’s next direction.

Despite short-term fluctuations, Stellar’s transformative capabilities in financial transactions position it as one of the best crypto to buy for long-term investors.

The Sandbox (SAND): Leading the Metaverse Revolution

The Sandbox, a metaverse platform that allows users to create and monetize virtual experiences, has gained substantial traction as interest in blockchain-based gaming and virtual environments increases.

Fueled by its SAND utility token, the platform has established itself as a significant player in the metaverse ecosystem.

SAND has experienced a 143.12% increase over the past month, although it recently faced a 4.27% correction in the last 24 hours.

Its trading volume has also decreased, with the market cap falling to $1.46 billion.

SAND 24 hours chart/ Source: CoinMarketCap

Nevertheless, investor confidence remains robust, as demonstrated by a record-high 877 exchange withdrawals on November 26, a positive sign of long-term holding sentiment.

For potential buyers, SAND’s consolidation offers an opportunity to enter at advantageous levels.

Big Move Alert: #Sandbox is up 145% in 72 hours, hitting $0.8680 for the first time in 644 days since February 2023
Are you Holding $SAND ? pic.twitter.com/gAuIm01GgW

— Crypto Patel (@CryptoPatel) November 25, 2024

However, caution is advised as selling pressure could drive the token toward its support level of $0.56.

Celestia (TIA): Redefining Blockchain Scalability

Celestia, a modular blockchain aimed at tackling scalability and interoperability issues, is another notable performer.

Its distinctive architecture separates consensus from execution, enabling developers to launch customized blockchains with minimal overhead.

Celestia has experienced a strong breakout, moving past its descending trendline to trade at $8.05, marking a 4.45% gain in the last 24 hours.

TIA 24 hours chart/ Source: CoinMarketCap

The token’s movement above $7.27, a significant Fibonacci retracement level, confirms its bullish momentum.

While its RSI indicates overbought conditions, suggesting a possible cooldown, the next major resistance at $9.20 could be a target for bullish investors.

$TIA strongest alt rn and hitting major resistance – break this and we’re flying
Higher pic.twitter.com/qRwf8kKkhg

— Hamid (@H_amiddd) November 27, 2024

With the TIA token’s price still 161.7% below its all-time high of $20.91, it presents considerable upside potential.

Its innovative approach to blockchain technology positions it as one of the best crypto to buy for investors seeking exposure to advanced solutions in the crypto sector.

Better Alternatives to Consider

As the crypto market adjusts to Bitcoin’s correction, recent reports of regulatory clarity under President-elect Donald Trump’s administration have enhanced investor sentiment.

The @realDonaldTrump administration plans to boost the CFTC’s role in crypto regulation, reversing Biden-era SEC dominance.#CFTC #cryptopolicy https://t.co/DwKwzwteWp

— Cryptonews.com (@cryptonews) November 27, 2024

Plans to extend the Commodity Futures Trading Commission’s (CFTC) oversight to encompass digital assets could provide essential transparency and confidence in the market.

This development is particularly pertinent for altcoins like Stellar, Sandbox, and Celestia, which may benefit from increased institutional involvement.

Alongside promising presale opportunities, these tokens represent strategic investments for those looking to leverage the ongoing altseason and Bitcoin’s market leadership.

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